iShares Global Timber & Forestry ETF (NASDAQ:WOOD) Shares Down 0.2% – Here’s Why

iShares Global Timber & Forestry ETF (NASDAQ:WOOD)’s stock price dropped 0.2% during trading on Tuesday . The stock traded as low as $67.03 and last traded at $67.18. 5,235 shares were traded during trading, a decline of 81% from the average session volume of 27,388 shares. The stock had previously closed at $67.30.

iShares Global Timber & Forestry ETF Stock Down 0.2%

The business has a 50-day simple moving average of $67.16 and a two-hundred day simple moving average of $71.59. The stock has a market capitalization of $249.91 million, a price-to-earnings ratio of 16.65 and a beta of 0.75.

iShares Global Timber & Forestry ETF Dividend Announcement

The company also recently disclosed a dividend, which was paid on Thursday, June 18th. Stockholders of record on Monday, June 15th were paid a $0.6286 dividend. The ex-dividend date of this dividend was Monday, June 15th.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of WOOD. Flow Traders U.S. LLC acquired a new position in shares of iShares Global Timber & Forestry ETF in the 3rd quarter worth approximately $2,595,000. Comprehensive Money Management Services LLC boosted its holdings in iShares Global Timber & Forestry ETF by 69.1% during the fourth quarter. Comprehensive Money Management Services LLC now owns 37,155 shares of the company’s stock worth $2,676,000 after buying an additional 15,180 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in iShares Global Timber & Forestry ETF by 506.4% during the third quarter. JPMorgan Chase & Co. now owns 2,086 shares of the company’s stock worth $153,000 after buying an additional 1,742 shares in the last quarter. Brookstone Capital Management grew its position in iShares Global Timber & Forestry ETF by 8.5% in the fourth quarter. Brookstone Capital Management now owns 6,080 shares of the company’s stock worth $438,000 after buying an additional 478 shares during the last quarter. Finally, Arkadios Wealth Advisors increased its holdings in shares of iShares Global Timber & Forestry ETF by 6.8% in the first quarter. Arkadios Wealth Advisors now owns 8,200 shares of the company’s stock valued at $582,000 after buying an additional 520 shares in the last quarter.

iShares Global Timber & Forestry ETF Company Profile

iShares Global Timber & Forestry ETF, formerly iShares S&P Global Timber & Forestry Index Fund (the Fund), is an exchange-traded fund. The Fund seeks investment results that correspond generally to the price and yield performance of the S&P Global Timber & Forestry Index (the Index). The Index consists of approximately 25 publicly-traded companies engaged in the ownership, management or upstream supply chain of forests and timberlands. These include forest products companies, timber real estate investment trusts (REITs), paper products companies, paper packaging companies and agricultural products companies.